All Forum Posts by: John Zoumboulis

What are you renovating for 20 grand? What market are you in? How old is the roof? The windows? Do only the necessities. I wouldn’t do the extension just yet wait to get that property established the way it is first then maybe down the line do it.

If I were to pay off in 10 years it would cost 1600 a month.

Interest only is 500.00 per month with principal it’s 1600.00 for 140k loan

Best way of paying off Heloc before 10 year mark? Cash out refinance? What if not enough to pay off remaining principal? I have never used a Heloc before getting a tentative rate of 5.25. After how long of holding the property should I do a cash out refinance? Thank you.

Heloc is at 5.2% pay only interest for the 10 years? Tenant is in place 775.00 10% propmngmt fee,taxes 80.00/mnth insurance 40.00. Purchase price 59,500.00. Valued as is 72k. Heloc is for 10 years just prime what happens after 10 years I’ll owe 30k?  With capital control expenses and unoccupied contingency money I’ll be just about even. Need help please.

The lighter stain the better. Dark stained floors show easily scratches, dents etc.